Wayne Locke Email & Phone Number

New York, Ny, Us

New Jersey

Founder and President of management consulting firm providing design and execution services for critical acquisition, financial, operational and transactional initiatives. Clients include publicly traded companies as well as private equity and venture capital backed firms. Recent engagements include: Revised pricing model for in-home nursing services and implemented pro-active contract renewal process to increase operating margins by 40%. Performed capital modeling and statutory pro-forma for start-up life insurance company. Project management for integration of Finance IT requirements to meet internal and external reporting needs of a leading financial services organization’s acquisition of a $35 billion bank. Developed strategic plan and roadmap of financial processes for personal lines insurance company that had grown from $200 million in annual premiums to $1 billion through acquisition.  Interim CFO for home health care and managed care provider, responsible for overall finance operations, setting budget and Board presentations. Reduced working capital borrowings by $1.5 million for an $80M managed care provider (in- home nursing services) by teaming with operations to expedite billing process and accelerate cash collections. Provided project management services to support a global SaaS company’s divestiture of $180M BPO and call center operation including formation of interim services agreement and on-going transaction services agreements. Developed Target Operating Model for global specialty insurance company. Project manager and work stream lead for the design and implementation of the "to be" close process reducing the end to end timeline from 93 to 18 days.  Led design of all financial processes for development of Venture Capital Backed B2C on-line platform connecting party suppliers with consumers including identification of requirements and vendor selection for ERP platform.

Ny Metro Area

Global CFO for InsurTech helping insurance professionals launch their program administration business with access to capital, industry expertise, and issuing paper and reinsurance.

Morristown, New Jersey

Member of the Executive Leadership Team of a publicly traded global software company, responsible for all internal and external reporting, legal and compliance and key influencer in development and execution of Strategic plan for management and growth of company. Successfully upgraded and transformed the Finance infrastructure to support the company’s shift to a SAAS based revenue model, adding substantial value as evidenced by the acquisition of the company by a PE firm for a premium in excess of 115% of the public stock price. Responsible for financial management and reporting of global organization with 9 subsidiaries including presenting results to Audit Committee, Board of Directors and quarterly earnings call and conducting investor roadshows. Manage external and internal audit process and all tax compliance. Established new pricing model based on standard costs and list prices and implemented Deal Desk to review all new deals and to approve pricing and contract terms and conditions. Realigned Company-Wide organization structure to establish cost centers and assign accountability for budgeting and operating expenses. Performed key leadership role in assessment, negotiation and due diligence of significant acquisition target and evaluated other potential targets. Assessed exposure and implemented new operating controls for compliance with ASC 606 (revenue Recognition) and 842 (lease accounting). Transformed geo focused accounting, reporting and legal processes to global processes across the multiple legal entities and foreign jurisdictions that Majesco operates within and strengthened control environment to meet upcoming SOX 404 compliance requirements. Implemented NetSuite as ERP and project management platform to support redesigned accounting and reporting processes in 6 months.

Co-Founding Partner of US Consulting Group, helping companies improve their financial and operational processes. Able to leverage technical expertise with project management and change management skills to effect real change across the organization. Experience working across multiple industries, including, insurance, pharmaceuticals, media, food manufacturing and distribution. Sample projects included interim CFO services, ERP selection and implementation, organizational assessment, finance transformation, HR workflow assessment and process documentation and workflow vendor selection.

Finance leader for Admin Re Division performing M&A and responsible for financial and compliance reporting for $17 billion portfolio. Integrated over $6 billion of new business including an acquisition that included 300 employees and building facilities. Reduced the quarterly closing cycle from 17 days to 8 days and introduced new management reports to provide better decision-making data to the Executive Board.

Manager in Financial Services Consulting Group managing projects to improve processes and compliance for insurance organizations.

Manager in Corporate Internal Audit Division leading financial and operational audits of AIG's domestic insurance operations. Performed risk assessments to determine annual audit schedule and conducted special projects as requested by Senior Management.

Mba, Finance

Bs, Accounting